TD Waterhouse Canada Inc. Increases Stake in Seagate Technology Holdings PLC $STX

TD Waterhouse Canada Inc. raised its position in Seagate Technology Holdings PLC (NASDAQ:STX) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 158,513 shares of the data storage provider’s stock after purchasing an additional 5,126 shares during the period. TD Waterhouse Canada Inc.’s holdings in Seagate Technology were worth $40,969,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Harbor Asset Planning Inc. bought a new stake in shares of Seagate Technology during the 2nd quarter worth approximately $27,000. Rakuten Securities Inc. grew its position in Seagate Technology by 884.2% in the 2nd quarter. Rakuten Securities Inc. now owns 187 shares of the data storage provider’s stock valued at $27,000 after acquiring an additional 168 shares during the last quarter. MTM Investment Management LLC purchased a new stake in Seagate Technology in the second quarter worth $29,000. First Horizon Corp bought a new stake in shares of Seagate Technology during the third quarter worth $33,000. Finally, GoalVest Advisory LLC boosted its stake in shares of Seagate Technology by 30.6% during the second quarter. GoalVest Advisory LLC now owns 320 shares of the data storage provider’s stock valued at $46,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 92.87% of the company’s stock.

Seagate Technology News Summary

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Q2 results beat expectations: Seagate reported stronger-than-expected EPS and revenue, posted record margins and issued above-consensus Q3 guidance (EPS 3.20–3.60; revenue ~$2.8–3.0B), which supports earnings momentum and valuation expansion. Read More.
• Positive Sentiment: AI-driven storage demand and supply tightness: Management and market reports say data-center/A I demand has surged, and Seagate’s CEO says the company is “sold out through 2026,” implying sustained revenue visibility and pricing leverage. Read More. Read More.
• Positive Sentiment: Major analyst upgrades and higher price targets: Several firms raised targets and ratings (including Cantor, TD Cowen, Rosenblatt pushing targets toward $500), amplifying momentum and buy-side interest. Read More.
• Neutral Sentiment: Dividend continues to be paid: Seagate declared a quarterly dividend, supporting income-minded holders but small relative to capital gains drivers. (Company release)
• Neutral Sentiment: Mixed analyst targets: Some firms raised price targets but left neutral/equal-weight ratings (Wells Fargo, Barclays, UBS); others raised targets but still sit below the current market price — this creates divergent expectations about upside from here. Read More. Read More.
• Negative Sentiment: Short-term profit-taking and “cooling off” risk: Some commentary noted the stock may pull back after the initial pop despite strong results; elevated short-term volatility is possible as investors lock in gains. Read More.
• Negative Sentiment: Valuation and target dispersion: The stock’s rally has pushed valuation measures higher (P/E expansion); analysts’ target dispersion means downside risk if AI demand growth moderates or margins normalize. Read More.

Analysts Set New Price Targets

A number of brokerages have commented on STX. Susquehanna upgraded shares of Seagate Technology from a “negative” rating to a “neutral” rating and upped their target price for the stock from $150.00 to $280.00 in a research note on Friday, January 16th. Weiss Ratings restated a “buy (b)” rating on shares of Seagate Technology in a report on Monday, December 29th. The Goldman Sachs Group increased their price objective on shares of Seagate Technology from $310.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on shares of Seagate Technology from $360.00 to $450.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Barclays upped their target price on Seagate Technology from $370.00 to $425.00 and gave the stock an “equal weight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Seagate Technology has an average rating of “Moderate Buy” and an average price target of $392.35.

Seagate Technology Trading Up 19.1%

NASDAQ STX opened at $442.93 on Thursday. The firm’s fifty day simple moving average is $297.13 and its two-hundred day simple moving average is $235.15. The firm has a market capitalization of $94.59 billion, a P/E ratio of 56.86, a P/E/G ratio of 1.08 and a beta of 1.60. Seagate Technology Holdings PLC has a 12-month low of $63.19 and a 12-month high of $449.50.

Seagate Technology (NASDAQ:STX) last issued its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, beating the consensus estimate of $2.77 by $0.34. Seagate Technology had a negative return on equity of 462.62% and a net margin of 19.59%.The firm had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the business posted $2.03 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, sell-side analysts predict that Seagate Technology Holdings PLC will post 6.83 earnings per share for the current fiscal year.

Seagate Technology Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 annualized dividend and a dividend yield of 0.7%. Seagate Technology’s dividend payout ratio is 38.00%.

Insider Transactions at Seagate Technology

In related news, Director Stephanie Tilenius sold 2,046 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $266.41, for a total value of $545,074.86. Following the completion of the transaction, the director owned 12,244 shares in the company, valued at $3,261,924.04. This trade represents a 14.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William D. Mosley sold 20,000 shares of Seagate Technology stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total value of $5,711,200.00. Following the sale, the chief executive officer directly owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This trade represents a 4.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,152 shares of company stock worth $35,156,362 over the last ninety days. 0.79% of the stock is currently owned by insiders.

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.